Fiona Killman, Real Estate Reporter
Updated 23 Sep 2023, 3:58pm
First published 23 Sep 2023, 2:10pm
Mascot’s Sam and Victoria Kazacos, pictured with daughters Maia, 2, and Ariane, 6, after the sale of their first home. Picture: Monique Harmer
The sale of their first family home has been thrilling and emotional for Victoria and Sam Kazacos.
It was during a family holiday that the couple decided to sell and take the next step in their lives … and they couldn’t be happier with the choice.
Their home, at 39 Frogmore St Mascot, sold under the hammer on Saturday morning well over its reserve for $1.885m.
Mr and Mrs Kazacos, and their daughters Maia, 2 and Ariane, 6, nervously waited inside during the heated auction.
The home at 39 Frogmore St, Mascot, sold for $1.885m.
Happy sellers Victoria and Sam Kazacos pictured with their daughters Maia, 2 and Ariane, 6. Picture: Monique Harmer
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“We are really relieved but thrilled at the same time with the result,” Mrs Kazacos said.
“We’re still on a bit of a high. It’s our first family home so there is that emotional attachment.”
The family has decided to upsize to either a larger freestanding home or new duplex in the Mascot or Rosebery areas.
“We got to the point where the kids were itching for more space,” Mrs Kazacos said.
“We all love this area and are keen to stay.”
Auctioneer Matthew Shalhoub from Under the Hammer pictured at the auction. Picture: Monique Harmer
The auction attracted a large crowd with 17 registered bidders. Picture: Monique Harmer
They bought the Mascot home almost eight years ago and did some cosmetic work including new floorboards, kitchen and airconditioning.
“It’s a really lovely, classic bungalow,” Mrs Kazacos said.
“We were thrilled with the interest it received during the marketing campaign.”
Agent Chris Skarlatos, from The Agency South East Sydney, said interest in the property was massive with almost 200 inquiries and 67 inspections. The auction ended up with 17 registered bidders with eight active.
Mr Skarlatos said the result blitzed the reserve by $285,000 with the buyer a local, professional female who had been looking to buy in the area.
“We have helped their family buy over the years so it was great to help again,” he said.
“Dark, brick bungalows always attract a lot of attention. We didn’t expect that result though. Everyone was ecstatic.”
The successful bidders in Frogmore St, Mascot. Picture: Monique Harmer
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Auctioneer Matthew Shalhoub, chief executive officer of Under the Hammer, described the auction as “really strong”.
“It started with a strong opening bid of $1.55m which was above the guide,” he said.
“We had really good participation in terms of numbers and also a late registration at the end.”
Mr Shalhoub said there was a lack of good quality stock on the market in terms of both land and homes.
“People who want to purchase are bidding aggressively,” he said.
“It’s an indication that the housing market is showing continuing signs of strength.”
The auction was one of 883 across Sydney this week with 750 auctions on the books next week.
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Fiona Killman, Real Estate Reporter